Monaco-based construction firm Probat has acquired Volpi Bâtiment, a family-run company from Saint-Jean-Cap-Ferrat, in a move designed to strengthen its presence in the high-end building sector along the Côte d’Azur.

The acquisition, which took effect in October, brings together one of the Principality’s largest independent construction firms with a Riviera business that has been active for more than four decades.

Founded in 2002 by its current president, Fabien Deplanche, Probat has grown into a major player in the luxury building sector, employing nearly 200 people and reporting an annual turnover of around €40 million. Its projects range from private villas and apartments to commercial and public buildings.

Volpi Bâtiment, led by Pascal Volpi, employs 25 people and generates about €10 million in annual revenue. Established nearly 45 years ago, the firm is known locally for high-end construction and renovation work, and has remained in family hands for four generations.

Longstanding partnership

The two companies have worked together for more than 20 years. Both leaders described the acquisition as a natural step.

“This marks a key stage in our development,” said Probat president Fabien Deplanche. “It strengthens our position in the high-end construction market while integrating complementary expertise and a shared culture of excellence.”

Pascal Volpi, president of Volpi Bâtiment, added: “This is the fruit of over two decades of collaboration, built on trust. For me, this merger is a natural continuation that allows the Volpi family story to live on.”

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Photo source: Probat